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Breaking: Obama And His Cushy Pension Just Got Massive Bad News From The GOP

One of the many perks of becoming the president of the United States is that you have been guaranteed an income for life worth millions of dollars, thanks to the American taxpayers — no matter what other earnings might be coming in.

However, the days of the federal treasury paying presidents huge amounts of money they’ll never need may finally be over thanks to a bill that is making its way through the Senate, The Daily Caller reported.

On Wednesday, the Senate Committee on Homeland Security and Governmental Affairs unanimously approved a bill that would cut presidential pensions, saving the taxpayers millions.